Re: Also England
Blighty has had much higher marginal tax rates than that, once you include things like:
- "national insurance" - being more than half the total income tax paid for a person employed and on average income.
- loss of tax allowances for the above-average-paid: various bands at about £45k and £100k, for example.
- loss of means-tested benefits at the bottom end.
My effective tax rate as recently as 2003 was about 270%. I don't know how near to that you could get today.